US — Lawrence Aviation Industries owner Gerald Cohen has been ordered to pay US$1.38m into the company's 401(k) plan and been permanently barred from serving as plan fiduciary after he was found guilty of loaning plan assets that were never repaid.
The Department of Labor (DoL) yesterday obtained the consent judgement that resolved a lawsuit against the company and its owner. The suit was filed in May 2004 against the Long Island company a...
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